M&A Deal Summary

BHI Energy Acquires AMES Group

On September 19, 2012, BHI Energy acquired engineering company AMES Group from Heartwood Partners

Acquisition Highlights
  • This is BHI Energy’s 2nd transaction in the Engineering sector.
  • This is BHI Energy’s 2nd transaction in the United States.
  • This is BHI Energy’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2012-09-19
Target AMES Group
Sector Engineering
Buyer(s) BHI Energy
Sellers(s) Heartwood Partners
Deal Type Add-on Acquisition

Target

AMES Group

Wilmington, North Carolina, United States
AMES is a specialty maintenance company which provides critical valve inspection and testing, preventative maintenance and repair solutions to the U.S. commercial nuclear power industry.

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Buyer(S) 1

Buyer

BHI Energy

Weymouth, Massachusetts, United States

Category Company
Founded 1979
Sector Business Services
DESCRIPTION

BHI Energy is a provider of on-site specialty maintenance, radiation protection, and staffing services to the power-generation industry. BHI’s business model is proven to build longstanding relationships with customers through the alignment of operating objectives and the ability to help customers effectively manage and service their assets across power generation, oil & gas, and electricity transmission and distribution sectors. BHI Energy was founded in 1979 and is based in Weymouth, Massachusetts.


DEAL STATS #
Overall 2 of 5
Sector (Engineering) 2 of 2
Type (Add-on Acquisition) 2 of 5
State (North Carolina) 1 of 1
Country (United States) 2 of 5
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-30 WeldTech Services

Lawrenceville, Georgia, United States

WeldTech is specialty maintenance company that provides high quality specialty welding and mechanical repair services through the use of automated tooling and a highly skilled workforce, and a project managed approach focused on delivering projects safely and on schedule.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 D&D Power

United States

D&D Power has specialized in installing, repairing and performing maintenance services on electrical power lines, with a safe, efficient, value-driven electrical contracting model. The company has the ability to scale instantly to the needs of utility companies with union labor from one to 1,000. D&D is experienced in transmission projects from 69kV through 500 kV. The Company also performs all types of electric distribution construction work as well as performing substation construction from the ground up.

Buy -

Seller(S) 1

SELLER

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.


DEAL STATS #
Overall 7 of 21
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (North Carolina) 1 of 1
Country (United States) 7 of 21
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-23 American Leather Operations

Dallas, Texas, United States

American Leather Operations is a designer and manufacturer of high-end, made-to-order, upholstered furniture sold through private label, retail, and hospitality channels. American Leather Operation was founded in 1990 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-02 The S.M. Stoller

Broomfield, Colorado, United States

The S.M. Stoller Corp.is a provider of environmental, nuclear, and technical consulting and engineering services to the Department of Energy, Department of Defense and the private sector. The S.M. Stoller was founded in 1959 and is based in Broomfield, United States.

Sell -